1806 16th Ave
Seattle WA 98122

1806 16th Avenue

1806 16th Ave Seattle WA 98122

Listing #: 678208 | Status: Pending | Last Modified: 4/22/2024 |

For Sale
Candice Chevaillier, CCIM
Daniel Lim
Dea Sumantri
Chris Larsen
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo

SEE_NOTES

Price Information
  • Listing Price$ 1,498,000.0
  • $/SF$ 450.3
  • $/Unit$ 1,498,000.0
  • Listing StatusPending
  • Days on Market67
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income95,115
  • Vacancy Factor %5.00%
  • Operating Expenses35,535
  • Net Operating Income54,824
  • CAP Rate 3.98 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Financial Summary
  • CAP Rate 3.98 %
Associated Files
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors3
  • # of Units5
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF3325
  • Net Rentable Area3327
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF4966
  • Acres0.11
Property Type
  • Property TypeMulti-Family
  • Office Type
  • Building Class
Location
  • CountyKing
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaCapitol Hill/First Hill
  • Tax ID #8080400180
  • Additional Parcels
  • ZoningLR3 (M)
Construction
  • Year Built1906
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction Type

Capitol Hill 5 Units Value-add, Amenity Rich Locat

Public Comments

We are pleased to present the exclusive listing of this 5-unit apartment building in Capitol Hill. West facing towards Seven Hills Park across the street, the building features good natural light exposure and views from the top floor. Built in 1906, the unit mix consists of three studios, one 1-bedroom and one 2-bedroom. Units have received updates on turnover with most units receiving newer laminate floors and appliances. Additionally, the building received Milgard insulated window replacements in 2017. Off-street parking is available for at least 4 vehicles via alley access. Situated on a residential street, the building is steps from the charming cafes, restaurants and shops of the 15th Avenue retail corridor. Current rents are well below market and two units will be delivered vacant a

Listing Images